BTC/USD quotes are trading at 106663 and continue to move within the correction and downward channel. Moving averages indicate a short-term bullish trend for Bitcoin. Prices have broken through the area between the signal lines upwards, indicating pressure from buyers of “Digital Gold” and a potential continuation of the bullish momentum of the asset’s value from current levels. As part of the cryptocurrency rate forecast for tomorrow, July 2, 2025, we should expect an attempt to develop a decline in the value of the digital asset and a test of the support level near the 102505 area. From there, we should again expect an upward rebound and an attempt to continue the decline in the Bitcoin rate with a target above the 120505 area.
Bitcoin Forecast and BTC/USD Analysis for July 2, 2025
An additional signal in favor of the growth of BTC/USD quotes will be a test of the support line on the relative strength indicator. The second signal in favor of this option will be a rebound from the lower border of the bullish channel. A fall in the value of the asset and a breakout of the 96045 area will cancel the option of a rise in the coin’s rate and the value of Bitcoin. This will indicate a breakout of the support area and a continuation of the decline in the Bitcoin rate with a potential target at 85405. Confirmation of the asset’s price growth will be a breakout of the resistance area with the price consolidating above 108505, which will indicate a breakout of the upper border of the bearish channel.
Bitcoin Forecast and BTC/USD Analysis for July 2, 2025suggests an attempt to test the support level near the 102505 area. Further, the cryptocurrency will continue to grow with a potential target at 120505. An additional signal in favor of a rise in the Bitcoin rate will be a test of the support line on the relative strength indicator. A breakout of the 96045 area will cancel the digital currency’s growth scenario. This will indicate a continuation of the coin’s decline with a potential target below 85405.
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